Binani Cement Limited was admitted under Insolvency and Bankruptcy code 2016 as per the NCLAT order dated 14-11-2018, Binani Cement Limited became Wholly Own Subsidiary of Ultratech Cement Limited. The site is under construction.
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Binani Cement makes payment of Rs. 50 Crores to Rajasthan Government towards Tax liabilities in full compliance of the Rajasthan High Court

Rajasthan, June 27, 2014: Binani Cement having accepted the tax liabilities of Rs. 182 Crores and on the basis of the order passed by Hon’able Rajasthan High Court directing the company to pay an amount of Rs.50 Crores by June 30, 2014 and balance amount in 12 equal monthly installments.

The company has made payment of Rs. 50 Crores as of June 27, 2014 in full compliance of the High Court order ahead of the due date.

While, the Rajasthan High Court single bench order has been stayed by the division bench of the Hon’ble Rajasthan High Court for final hearing on July 4, 2014.

Issued by
R. S. Joshi
President, Corporate Affairs
Binani Cement Limited